As this has been around 9 months since the last report from tissy, I would say this project came to a stand still
For an alternative, You can check out THIS THREAD. It is a Web Cam viewer, as well as recorder, On Screen Indicator when recording, Has GPS overlay, Custom Text overlay, and soon Lat, Lon and others. It also has a 4 way mirror feature. Meaning you can flip vertically and horizontally, as well as both combinations. This can be set as a default in the .ini so if you are using it as a reverse cam, HMirror=True will default to a mirrored image at startup.
It can use any Codec you choose, Xvid, DivX or whatever. You can set all of the preferences (Codec, Custom Text and what not) in the .ini file.
It is written with a totally free OCX, no licensing fee's, and thus is 100% free!
The plugin was written with Road Runner in mind, but it should be able to embed in any front end, and just use that Front End's way of sending commands to the plugin. It has a testing mode, so it can Run stand alone, so most certainly it could be embedded in any front end.
Using the DivX Codec, I am getting around 4 hours of recorded video per gig of Hard Drive space at a very decent quality of 640 x 480 resolution.
I set a custom indicator in RR for my skin. Yes, [hl]REC [/hl] is overlaid on the screen (Not recorded) when recording, but I created the indicator to display on other screens, so I know if I left it recording or not, and don't eat up the hard drive
Here is a screen capture of it running in Road Runner. Yes, I just got that puppy a few days ago, and was a perfect place to aim the camera for the screen capture, as well as.... Ahem... the song currently playing